Can a person use HSA funds to pay for Medicare premiums and/or COBRA premium?
• Once my HSA is established, may I cancel or close it? Yes. You may revoke your HSA by mailing or delivering a written notice of revocation to Aetna within seven days after the establishment of the HSA. Mailed notice is treated as given to the Trustee or Custodian (whichever is applicable) on the date of the postmark (or on the date of post office certification or registration in the case of notice sent by certified or registered mail). Upon timely revocation, an employee will receive a payment equal to the initial contribution, without adjustment for administrative expenses, commissions or sales charges, fluctuations in market value or other charges. back to top • Are there any restrictions on the types of investments available under an HSA? An employee may invest in any vehicle approved for IRAs (e.g., bank accounts, annuities, certificate of deposit, stocks mutual funds, or bonds). HSAs may not invest in life insurance contacts, or in collectibles. HSAs may however invest in certai
